Ballston - Virginia Square Retail

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Ballston - Virginia Square

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
8,510
As of: June 24, 2017

Ballston - Virginia Square Rates

Most listings are in the $40's per square foot per year. The Ballston - Virginia Square submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $46 per sqft per year.

Compared to the rest of the Washington D.C. market, the Ballston - Virginia Square submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Ballston - Virginia Square Listing Supply

In the last 90 days, 4 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 400% of the available space in the Ballston - Virginia Square are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 8,510 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 10 stories. Most buildings in this market were built in 1992 and are Class A.

Ballston - Virginia Square Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Ballston - Virginia Square folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Ballston - Virginia Square.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Ballston - Virginia Square.
Research